The Avalon Foundation Inc
- Assets
- $5.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Easton, MD
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 52-1850874
Organization Overview
The Avalon Foundation Inc, operating under the name Avalon Foundation Inc, is located in Easton, MD. The organization was established in 1996. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Avalon Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avalon Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Avalon Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AVALON FOUNDATION IS TO FOSTER A STRONG COMMUNITY ON THE EASTERN SHORE BY CREATING ACCESSIBLE, UPLIFTING ARTS, EDUCATION, AND CULTURAL EXPERIENCES THAT APPEAL TO THE INTERESTS OF A DIVERSE POPULATION AND TO ENSURE THE LONG TERM VIABILITY OF THE HISTORIC AVALON THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PRODUCES AND PROMOTES OUTDOOR ART EVENTS, SUCH AS THE OUTDOOR SUMMER CONCERT SERIES, THE EASTON FARMERS' MARKET, THE TALBOT COUNTY MULTICULTURAL FESTIVAL, AND PLEIN AIR EASTON, THE NATION'S LARGEST OUTDOOR PAINTING COMPETITION. THE FOUNDATION RECEIVES MAJOR SUPPORT FROM THE TOWN OF EASTON, AS WELL AS MANY LOCAL BUSINESSES AND INDIVIDUALS.
THE FOUNDATION FOSTERS A STRONG COMMUNITY ON THE EASTERN SHORE BY CREATING ACCESSIBLE, UPLIFTING ARTS, EDUCATION, AND CULTURAL EXPERIENCES THAT APPEAL TO THE INTERESTS OF A DIVERSE POPULATION AND TO ENSURE THE LONG TERM VIABILITY OF THE HISTORIC AVALON THEATRE.
THE FOUNDATION SHIFTED RESOURCES IN ORDER TO SERVE AND SUPPORT THE COMMUNITY DURING THE COVID-19 HEALTH CRISIS. IT ENGAGED IN ACTIVITIES SUCH AS ORGANIZING "FEED THE FRONT" EFFORTS TO SUPPORT LOCAL RESTAURANTS AND FRONTLINE WORKERS. IT STAFFED AND OPERATED A VACCINE CALL CENTER FOR TWO MONTHS TO SUPPORT THE TALBOT COUNTY HEALTH DEPARTMENT, AND USED ITS VIDEO PRODUCTION CAPABILITIES TO PRODUCE PUBLIC SERVICE ANNOUNCEMENTS (PSAS) AND OTHER COMMUNICATIONS FOR TALBOT COUNTY'S EMERGENCY SERVICES.
THE FOUNDATION STRIVES TO SERVE AND EDUCATE THE YOUTH IN ITS COMMUNITY. THE FOUNDATION OPERATES THE AVALON CHILDREN'S THEATRE AND ITS SUMMER DAY CAMPS FOR CHILDREN. ALSO, THE FOUNDATION PRESENTED IN SEVERAL SCHOOL AND VIRTUAL FIELD TRIPS TO BENEFIT TALBOT COUNTY PUBLIC SCHOOL STUDENTS. - 204,128 MCTV PROVIDES LOCAL TELEVISION PROGRAMMING OPPORTUNITIES TO INDIVIDUALS AND INSTITUTIONS IN TALBOT COUNTY. - 127,093
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Bond Exec. Direct | Officer | 40 | $156,155 |
Bill Voorhees Treasurer | OfficerTrustee | 1 | $0 |
Denise Grant Vice Chair | OfficerTrustee | 1 | $0 |
Carol Sleeper Secretary | OfficerTrustee | 1 | $0 |
Tom Mullen Chair | OfficerTrustee | 1 | $0 |
John Coleman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,063,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,717,195 |
| Total Program Service Revenue | $1,160,153 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,877,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,512 |
| Compensation of current officers, directors, key employees. | $40,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $571,998 |
| Pension plan accruals and contributions | $15,861 |
| Other employee benefits | $51,384 |
| Payroll taxes | $56,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $660 |
| Fees for services: Other | $62,399 |
| Advertising and promotion | $76,029 |
| Office expenses | $106,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,186 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,158 |
| Insurance | $38,385 |
| All other expenses | $0 |
| Total functional expenses | $2,346,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,689,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $163,402 |
| Accounts receivable, net | $4,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,252 |
| Net Land, buildings, and equipment | $2,575,577 |
| Investments—publicly traded securities | $128,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,588,979 |
| Accounts payable and accrued expenses | $67,778 |
| Grants payable | $0 |
| Deferred revenue | $165,605 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $383,383 |
| Net assets without donor restrictions | $4,417,483 |
| Net assets with donor restrictions | $788,113 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,588,979 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Avalon Foundation Inc has recieved totaling $1,250.
| Awarding Organization | Amount |
|---|---|
Richard J And Ellen G Bodorffcharitable Foundation Inc Easton, MD PURPOSE: GENERAL OPERATING GRANT | $1,000 |
Herget Family Chrtble Foundation Alexandria, VA PURPOSE: GENERAL PURPOSES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |